vs
Cohen & Co Inc.（COHN）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是Cohen & Co Inc.的1.7倍（$179.7M vs $102.7M），Cohen & Co Inc.同比增速更快（454.1% vs 35.7%），Cohen & Co Inc.自由现金流更多（$-2.5M vs $-114.2M），过去两年Cohen & Co Inc.的营收复合增速更高（135.3% vs 39.2%）
科恩父子公司是一家总部位于伦敦商业路的废金属贸易商，由乔治·亨利·科恩于1834年创立，最初名为乔治·科恩公司，1883年创始人之子迈克尔·科恩入职后更名为现名。一战结束后，公司拿下多份大型合同，负责处理包括40万吨烈性炸药及炮弹在内的剩余军火。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
COHN vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.7倍
$102.7M
营收增速更快
COHN
高出418.4%
35.7%
自由现金流更多
COHN
多$111.7M
$-114.2M
两年增速更快
COHN
近两年复合增速
39.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $102.7M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 29.2% | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | 454.1% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $0.77 | $-0.09 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收COHNRKLB
| Q4 25 | $102.7M | $179.7M | ||
| Q3 25 | $84.2M | $155.1M | ||
| Q2 25 | $59.9M | $144.5M | ||
| Q1 25 | $28.7M | $122.6M | ||
| Q4 24 | $18.5M | $132.4M | ||
| Q3 24 | $31.7M | $104.8M | ||
| Q2 24 | $10.8M | $106.3M | ||
| Q1 24 | $18.6M | $92.8M |
净利润COHNRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $4.6M | $-18.3M | ||
| Q2 25 | $1.4M | $-66.4M | ||
| Q1 25 | $329.0K | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $2.1M | $-51.9M | ||
| Q2 24 | $-2.3M | $-41.6M | ||
| Q1 24 | $2.0M | $-44.3M |
毛利率COHNRKLB
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% | ||
| Q1 24 | — | 26.1% |
营业利润率COHNRKLB
| Q4 25 | 29.2% | -28.4% | ||
| Q3 25 | 25.8% | -38.0% | ||
| Q2 25 | 12.5% | -41.3% | ||
| Q1 25 | 0.4% | -48.3% | ||
| Q4 24 | -29.7% | -38.9% | ||
| Q3 24 | 22.8% | -49.5% | ||
| Q2 24 | -59.0% | -40.7% | ||
| Q1 24 | -18.2% | -46.4% |
净利率COHNRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 5.5% | -11.8% | ||
| Q2 25 | 2.4% | -46.0% | ||
| Q1 25 | 1.1% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 6.8% | -49.6% | ||
| Q2 24 | -21.8% | -39.2% | ||
| Q1 24 | 10.9% | -47.7% |
每股收益（稀释后）COHNRKLB
| Q4 25 | $0.77 | $-0.09 | ||
| Q3 25 | $2.58 | $-0.03 | ||
| Q2 25 | $0.81 | $-0.13 | ||
| Q1 25 | $0.19 | $-0.12 | ||
| Q4 24 | $-1.20 | $-0.11 | ||
| Q3 24 | $1.31 | $-0.10 | ||
| Q2 24 | $-1.47 | $-0.08 | ||
| Q1 24 | $1.28 | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $56.8M | $1.0B |
| 总债务越低越好 | $32.9M | $152.4M |
| 股东权益账面价值 | $51.1M | $1.7B |
| 总资产 | $700.6M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资COHNRKLB
| Q4 25 | $56.8M | $1.0B | ||
| Q3 25 | $54.7M | $976.7M | ||
| Q2 25 | $26.0M | $688.1M | ||
| Q1 25 | $14.0M | $428.4M | ||
| Q4 24 | $19.6M | $419.0M | ||
| Q3 24 | $14.3M | $442.4M | ||
| Q2 24 | $9.6M | $496.8M | ||
| Q1 24 | $11.8M | $492.5M |
总债务COHNRKLB
| Q4 25 | $32.9M | $152.4M | ||
| Q3 25 | $32.7M | $347.0M | ||
| Q2 25 | $32.6M | $346.5M | ||
| Q1 25 | $35.0M | $345.9M | ||
| Q4 24 | $34.9M | $345.4M | ||
| Q3 24 | $34.9M | $61.2M | ||
| Q2 24 | $29.7M | $64.2M | ||
| Q1 24 | $29.7M | $66.8M |
股东权益COHNRKLB
| Q4 25 | $51.1M | $1.7B | ||
| Q3 25 | $47.8M | $1.3B | ||
| Q2 25 | $43.4M | $688.5M | ||
| Q1 25 | $42.0M | $431.3M | ||
| Q4 24 | $41.7M | $382.5M | ||
| Q3 24 | $43.8M | $419.8M | ||
| Q2 24 | $41.7M | $455.2M | ||
| Q1 24 | $43.8M | $478.9M |
总资产COHNRKLB
| Q4 25 | $700.6M | $2.3B | ||
| Q3 25 | $773.9M | $2.2B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $978.0M | $1.3B | ||
| Q4 24 | $971.1M | $1.2B | ||
| Q3 24 | $818.0M | $1.2B | ||
| Q2 24 | $826.0M | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
负债/权益比COHNRKLB
| Q4 25 | 0.64× | 0.09× | ||
| Q3 25 | 0.68× | 0.27× | ||
| Q2 25 | 0.75× | 0.50× | ||
| Q1 25 | 0.83× | 0.80× | ||
| Q4 24 | 0.84× | 0.90× | ||
| Q3 24 | 0.80× | 0.15× | ||
| Q2 24 | 0.71× | 0.14× | ||
| Q1 24 | 0.68× | 0.14× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-2.1M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | -2.4% | -63.6% |
| 资本支出强度资本支出/营收 | 0.4% | 27.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $26.1M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流COHNRKLB
| Q4 25 | $-2.1M | $-64.5M | ||
| Q3 25 | $22.4M | $-23.5M | ||
| Q2 25 | $13.3M | $-23.2M | ||
| Q1 25 | $-6.4M | $-54.2M | ||
| Q4 24 | $4.4M | $-2.4M | ||
| Q3 24 | $4.1M | $-30.9M | ||
| Q2 24 | $-4.2M | $-13.0M | ||
| Q1 24 | $5.1M | $-2.6M |
自由现金流COHNRKLB
| Q4 25 | $-2.5M | $-114.2M | ||
| Q3 25 | $22.2M | $-69.4M | ||
| Q2 25 | $12.9M | $-55.3M | ||
| Q1 25 | $-6.5M | $-82.9M | ||
| Q4 24 | $4.0M | $-23.9M | ||
| Q3 24 | $3.8M | $-41.9M | ||
| Q2 24 | $-4.6M | $-28.3M | ||
| Q1 24 | $5.0M | $-21.8M |
自由现金流率COHNRKLB
| Q4 25 | -2.4% | -63.6% | ||
| Q3 25 | 26.3% | -44.8% | ||
| Q2 25 | 21.6% | -38.3% | ||
| Q1 25 | -22.7% | -67.6% | ||
| Q4 24 | 21.4% | -18.1% | ||
| Q3 24 | 12.0% | -40.0% | ||
| Q2 24 | -42.4% | -26.7% | ||
| Q1 24 | 27.1% | -23.5% |
资本支出强度COHNRKLB
| Q4 25 | 0.4% | 27.6% | ||
| Q3 25 | 0.3% | 29.6% | ||
| Q2 25 | 0.7% | 22.2% | ||
| Q1 25 | 0.5% | 23.4% | ||
| Q4 24 | 2.5% | 16.3% | ||
| Q3 24 | 1.0% | 10.5% | ||
| Q2 24 | 3.5% | 14.4% | ||
| Q1 24 | 0.5% | 20.7% |
现金转化率COHNRKLB
| Q4 25 | — | — | ||
| Q3 25 | 4.88× | — | ||
| Q2 25 | 9.48× | — | ||
| Q1 25 | -19.37× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.91× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.54× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
COHN
| Capital Markets | $68.5M | 67% |
| Other | $25.7M | 25% |
| Gestational Repo Business | $5.6M | 5% |
| Asset Management Segment | $2.9M | 3% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
